Midday update for Crude oil 19-01-2022
Crude oil price settles above 85.40 level, showing sideways trades since morning, waiting to get enough positive momentum to resume the main bullish trend, which depends on the price stability above 85.40 as the first protection factor to the positive scenario, while our next targets located at 86.50 followed by 88.00.
The expected trading range for today is between 84.60 support and 87.30 resistance.
The expected trend for today: Bullish
Midday update for Silver 19-01-2022
Silver price continues to rally bullishly to approach 24.00 barrier, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which targets 24.20 as a next main station, noting that the EMA50 supports the expected rise, which will remain valid unless breaking 23.15 and holding below it.
The expected trading range for today is between 23.15 support and 23.90 resistance.
The expected trend for today: Bullish
Midday update for Gold 19-01-2022
Gold price shows some bullish bias affected by stochastic positivity, but as long as the price is below 1825.15, our bearish overview will remain valid for today, waiting to get negative motive that assist to push the price to test 1797.00 as a first negative target.
The expected trading range for today is between 1790.00 support and 1825.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 19-01-2022
The GBPUSD pair trades positively to breach 1.3610 level and attempts to hold above it, which urges caution form the upcoming trading, as consolidating above this level will stop the correctional bearish scenario and lead the price to resume the main bullish wave and achieve gains that start by visiting 1.3700 followed by 1.3750 areas.
The expected trading range for today is between 1.3530 support and 1.3670 resistance.
The expected trend for today: Bearish